SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of International Game Technology PLC - IGT
New York, New York--(Newsfile Corp. - September 17, 2022) - Pomerantz LLP is investigating claims on behalf of investors of International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether IGT and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 9, 2022, IGT issued a press release "announc[ing] an agreement in principle to settle the Benson v. DoubleDown Interactive LLC, et. al. lawsuit and associated proceedings (the 'Benson Matters')." The press release stated that pursuant to the settlement, "[a] total of $415 million will be paid into a settlement fund of which IGT's subsidiaries will contribute $269.75 million" and that "[a]s a result of the settlement agreement, IGT will accrue a $119.75 million non-operating expense in the third quarter related to the incremental loss associated with the Benson Matters and related claims between IGT and DoubleDown and their respective subsidiaries and affiliates ($150 million was accrued in the second quarter)."
On this news, IGT's stock price fell $0.46 per share, of 2.45%, to close at $18.28 per share on August 30, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137584